Search Results (6)

Sustainable property development in developing economies requires a careful balance between attracting foreign capital and maintaining housing affordability for local residents. While foreign direct investment (FDI) serves as a crucial engine for economic growth by enhancing productive capacity and international competitiveness, its effects on local housing markets remain inadequately understood in policy frameworks. This study examines how economic development strategies can be designed to harness FDI benefits while preventing residential market distortions in rapidly industrializing regions. Using Malaysia’s Kulim Hi-Tech Park and Batu Kawan Industrial Park as empirical cases, we analyze the relationship between foreign capital inflows and residential property prices from 2000 to 2022 through time-series regression analysis supplemented by stakeholder consultations. Our findings reveal that FDI significantly influences housing price dynamics in industrial zones, with both positive economic spillovers and challenges for housing affordability. The results demonstrate that targeted policy interventions—including affordable housing mandates, developer incentives, and strategic land use planning—can effectively moderate price appreciation while maintaining investment attractiveness. This research contributes to evidence-based policymaking by identifying integrated mechanisms that promote sustainable and inclusive growth in emerging economies seeking to balance industrial advancement with equitable housing access. The Malaysian experience offers valuable practical insights for policymakers in developing nations navigating the complex relationship between international investment, housing markets, and social welfare. Full article

Industrial land allocation in China has been distorted for a long time by local governments providing land at a low price to attract manufacturing activities. This study explores whether an industrial land protection policy can reduce the distortions and, hence, improve land allocation efficiency in China. Using industrial land zoning and protection policies adopted in some cities in Guangdong province, this study finds that industrial land allocation efficiency is indeed improved after the implementation of protection policies, reflected in higher land prices and greater land use intensity. However, the improvement is smaller for industrial land provided to advanced manufacturing industries, indicating that local governments continue to rely on a strategy of offering cheap land to compete for high-end manufacturing activities. Further analysis suggests that the adoption of industrial land protection in one region generates a positive spillover effect on industrial land allocation efficiency in neighboring regions. Overall, this study provides new evidence on the effectiveness of industrial land protection. Full article

In addition to industry, transport, and waste management, the agricultural sector is also a major emitter of CO₂ emissions. This article focuses on CO₂ equivalent emissions from soil in the context of mineral nitrogen fertiliser management. The methodology itself consists of several successive phases, the first of which is to determine basic statistical characteristics for all EU countries, primarily in terms of mineral nitrogen fertiliser consumption, but also in terms of the area of crops grown. EU countries with similar cropping patterns were selected for comparison so that the results could be compared. The results show that there are quite significant differences in CO₂ equivalent emissions between countries under similar conditions. At the same time, the values of the marginal increment of CO₂ emissions as a function of mineral nitrogen fertiliser consumption were calculated. On the basis of the results of the selected countries, an upper limit in terms of CO₂ emissions per hectare of arable land was also determined, and recommendations were made from a national perspective. The emissions themselves can be seen as a negative production externality that is not accounted for in the market mechanism and can thus also distort the price of agricultural production. The methodology used in this paper can be used to set an upper limit on CO₂ emissions from soil due to the use of mineral nitrogen fertilisers and can then be used as an indicator for regulating and defining future agricultural policy instruments within the EU, where the objective is to reduce the level of CO₂ emissions. Full article

In the context of tax sharing reform and land reform during the 1990s, local governments in China relied heavily on land finance. Local governments have fierce competition in attracting investment, omitting the development of green economy. Based on the data of industrial land sales and carbon dioxide emissions, this study constructed the panel data of 196 cities in China from 2007 to 2017 and analyzed the spatial and temporal evolution characteristics of urban industrial land price distortion and carbon emission intensity. Furthermore, a multiple linear regression model was constructed from the aspects of scale effect to empirically analyze the overall impact and differential impact of urban industrial land price distortion on carbon emission intensity. With the help of the mediating effect model, the mechanism of urban industrial land price distortion on carbon emission intensity was investigated from the perspective of industrial structure upgrading. The results showed that (1) the higher the price distortion of industrial land is, the more detrimental it is to the development of green and low-carbon economy. (2) The regional heterogeneity test showed that the impact of industrial land price distortion on carbon emission intensity is most significant in the central region, medium cities, and cities with low fiscal self-sufficiency rates, respectively. (3) The higher the distortion degree of industrial land price, the greater the restriction on the upgrading of industrial structure, further increasing the carbon emission intensity. This paper provides policy implications for the market-oriented reform of land factors and the realization of the “double carbon” goal. Full article

At present, China is faced with a situation of unbalanced regional economic development. The report of the 19th session of the national congress of the Communist Party of China pointed out that we should accelerate the implementation of the strategy of coordinated regional development. However, this study finds that, in the process of “leaving the cage and changing birds”, the number of enterprises in the textile industry in the eastern region has risen again, which, in turn, has led to overcapacity and has seriously affected the sustainable development of the textile industry. The present study finds that the increasingly distorted price of industrial land is the root cause of the “surge phenomenon” of enterprises in the textile industry and overcapacity. Therefore, China’s central government should be fully aware of the negative impact of the distorted price of industrial land on the sustainable development of textile industry. Efforts must be made to solve the problems of the excessive influx of textile enterprises, overcapacity, and unsustainability in the eastern region in three aspects. Specifically, the land transfer procedure should be standardized, the motivation of local governments’ land attracting investment should be curbed, and the introduction of high-quality enterprises should be paid attention to. Full article

The Chinese government has made great efforts to improve the scale efficiency of land through various measures during recent years, hoping to realize the coordinated developing goal of promoting agricultural benefits and protecting the environment. Statistics show that China’s land scale efficiency has steadily increased, but agricultural nonpoint source (NPS) pollution has also increased, which seems contrary to the expected outcome. Can increasing scale efficiency really curb agricultural NPS pollution? This study uses provincial-level data from China, together with a panel model and spatial econometric model, to investigate the relationship between scale efficiency and agricultural NPS pollution. It is found that the increase of scale efficiency aggravates the agricultural NPS pollution, and the conclusion still holds after considering spatial effect. The results of spatial analysis shows that the agricultural NPS pollution is spatially dependent. Further decomposition of the spatial effect shows that the scale efficiency not only intensifies the local agricultural NPS pollution, but also has a spillover effect (though not statistically significant) on agricultural NPS pollution in the surrounding areas. It is worth noting that financial policy, raising wage income and upgrading industrial structure can effectively curb agricultural NPS pollution in this region and adjacent areas, which also deserves our attention in the control of agricultural NPS pollution. In addition, it is necessary to make financial and fiscal support policies specifically for the governance of agricultural NPS pollution, adjust the distorted prices of input factors such as chemicals and pesticide, and accelerate the transformation of small-sized farmers to family farms, in order to maximize the inhibitory effect of scale efficiency on relieving agricultural NPS pollution. Full article